Nexum Token (NEXM) Info

We are delighted to announce the appointment of Daniel Hemingway as Chief Product Officer of Nexum. Daniel brings a wealth experience to our business with his track record of undoubted entrepreneurial talent. Daniel will add significant value as we launch our product-set in the market and continue to evolve the Nexum Ecosystem.

Daniel is a British tech entrepreneur with over 20 years of experience in product management, business development, and entrepreneurship. With a proven track record of building and scaling digital businesses, he has made a significant impact across industries, including e-commerce, fintech, taxtech, and insurtech.

Daniel began his career as a developer in New York before transitioning into product management. He held senior product roles at leading companies like Amazon.com, Pixmania.fr, TAG Heuer, Haufe Gruppe, and DeinDeal, where he led product strategy, UX, customer discovery, and business development, delivering solutions enjoyed by millions worldwide.

As the Co-Founder and Chief Product Officer of Wefox Insurance AG, Europe’s first fully licensed digital insurer, Daniel helped propel the company to a $4.5 billion valuation with revenues exceeding $140 million. He also founded Finimize, the leading financial platform for modern investors, acquired by Abrdn, as well as the Swiss Tax startup Taxly and the Parametric Insurance Company, Baoba Inc.

Since 2022, Daniel has been advising startups and providing product consulting and investment opportunities through his consulting company Product360.

He’s multilingual, which allows him a global perspective, having lived and worked in New York, London, Paris, Lyon, Monterrey, Zurich, Vaduz, and Berlin.

Cardano & Nexum Collaboration

Cardano Foundation and Nexum Capital announce they have entered into a collaboration agreement to mutually benefit from their respective technology, networks, and expertise.

Ground-Breaking Decentralised Identity Product
The first project of the collaboration will be to combine Cardano Identity Wallet with Nexum Hub to form an innovative Decentralised Identity (“DiD”) product. This product enables users to access financial services in a decentralized manner while ensuring regulatory compliance. The innovation bridges blockchain financial services with the compliance needs of traditional finance, all while giving the user control of their data and digital identity.

https://www.youtube.com/watch?v=i7P8SvU6T1M

Dear Nexum Communities,

As we step into 2025, we reflect on a year of significant development for Nexum and our shared vision for a decentralised and regulatory compliant financial ecosystem promoting inclusion, transparency and borderless transacting.

Your passion and support have been the foundation of Nexum’s journey and we look forward to sharing with you a number of exciting announcements very soon.  Together, we are building something extraordinary.

Thank you for your trust and belief in our vision. Let’s make 2025 unforgettable!

Wishing you a prosperous New Year,

Nexum Team

🎉 It’s here! Nexum’s new website is live! Dive into a smoother, smarter, and more transparent experience. Explore now: https://nexum.app

#NexumLaunch #OurNextStep #NexumEcosystem #NEXM

https://youtu.be/IU6SL8uJclg?si=87TZYEm6oKX-dLiu

💡 Something exciting is coming! New look, new opportunities and a new Nexum experience - our website is getting a major upgrade.
Blockchain meets the real economy like never before.

#OurNextStep #NexumEcosystem #NEXM

https://youtu.be/PfuQO0UUTnM

Hi everyone!

As we are moving forward with the Nexum Ecosystem, we are excited to share a sneak peek into the design of the Nexum Platform. Please note that these designs are still in progress and are subject to change. While we present the Nexum Platform, let's take a moment to highlight some of its unique features:

-First Loan Origination Platform on Blockchain: The Nexum Platform is the first fully on-chain loan origination platform, offering unprecedented transparency and accountability.

-Immutable Audit Trail: Every transaction record on the platform comes with an immutable audit trail, simplifying auditing and enhancing trust.

-Travel Rule and MiCA Compliance: Nexum complies with international regulations like the Travel Rule and MiCA, ensuring seamless integration into the fiat economy.

-Instant Reconciliation: The platform provides instant reconciliation for financial transactions, increasing operational efficiency and reducing delays.

Stay tuned for more updates as we continue to develop and refine the Nexum Ecosystem!

Our new announcement! You can also check it on our X account by clicking here and give us a like!

Nexum platform provides a fintech solution that revolutionizes financial processes in the maritime industry. Nexum aims to create a reliable and efficient on-board payment ecosystem between ship operators and service providers. Nexum's blockchain technology targets to improve efficiency in multi-currency and multi-authority transactions by increasing transparency and security in the operations of industry stakeholders. Nexum's innovative technology accelerates financial processes in the maritime transportation sector and minimizes financial risks in the industry by making trade secure.

Nexum platform optimizes financing processes for all stakeholders in the industry. The platform securely and efficiently provides the working capital and invoice financing that traders, ship managers and charterers need to fuel the merchant fleet. Nexum's proprietary technology and industry-exclusive financial models enable real-time risk assessment and price adjustment based on counterparty risk, current market conditions and the platform's own data set. In this way, Nexum is committed to taking a leading position in the development of the maritime industry.

Wishing you a joyful Eid filled with health, happiness, and peace from the Nexum family. Eid Mubarak! 🌙🌟

https://x.com/CoinNexum/status/1777958475282239992

You can also read the article on our X (Twitter) account, give us a like and share it!

https://x.com/CoinNexum/status/1772987225581457584?s=20

1.Overview

Shipping is by its nature a decentralized industry. The bulk of shipping transactions are denominated in dollars and consist of cross-border predominantly dollar payments. Blockchain enabled payments due to their instant settlement will be a much-needed improvement to the current payment mechanism that involves intermediary banks, bank holidays, a lot of uncertainty on whether the payment will arrive on time, etc. A major advantage for the adoption of blockchain enabled payments in shipping is that the number of daily transaction is relatively low but value high, making it suitable for the number of transactions most blockchains can handle today. Whilst today our focus is bunkering, our ecosystem will rapidly grow and develop to offer solutions across other industries serving the financial requirements of the respective participants.
Linked with the fintech platform the staking platform bridges real-economy loan origination with stable coins. In other words, the staked funds form the capital to lend. The Nexum staking protocol is designed to eradicate agency issues and misalignment of interests that are prevalent in the current capital allocation process. It is built in such a manner that it can be easily integrated into third-party wallets and other lending platforms. Nexum’s goal is to offer yield to stable coin holders in a transparent bank disintermediated manner.

The lending platform is currently focused on bunker financing but can easily be adopted to cater to the needs of any invoice discounting business.

2.Bunkering as a use case

Bunkering is the process of supplying fuel and/or gasoil to be used to power the propulsion system of a ship. There are more than 60,000 ocean going vessels with varying daily consumption resulting in total marine fuel consumption that exceeds $500bn per annum.
Ship managers utilize bunker traders to arrange for bunkering operations at ports all over the world. Payment is predominantly in US dollars. Ship managers need to arrange in advance the bunkering operations of a vessel through a bunker trader. Traders utilise their network of local suppliers at the required port. The supplier makes a time-limited offer to the trader specifying port, fuel type, quantity, price per metric ton, days of credit (if any), date and time of supply. The trader adds profit margin on the price received and reverts with the offer to the ship manager. In these trades there is no price risk involved but there is a funding gap. The supplier can request pre-payment, cash on delivery or extend a few days credit, the ship managers expects usually 30 days credit but it is not uncommon to ask for 45 or 60 days. The average funding gap is c. 24 days meaning that the same capital can be lent on average 10 times per annum.

Due to the type and short-term nature of this trade, and the need to credit assess counterparties all over the globe, banks are not willing to fulfill this funding gap. Neither invoice financing (due to the risk of fraudulent transaction) nor factoring (due to the type and size of the bunker traders) works. Nexum lending platform is built to fill this gap by introducing a hybrid financing model of invoice discounting and factoring that avoids both problems and is able to deal with the intricacies of the decentralized nature of the shipping industry. The platform is therefore very much a pull product with the only limitation being availability of credit.
Bunkers supply under US law results in an in-rem claim on the vessel. That means that the physical asset is acting as collateral in any bunker related claim making the lending very secure.

The platform charges a variable margin over the prevailing fed-funding rate. All profits from the platform are provided to stakers of stablecoin (makingt he yield very attractive) and NEXM token holders who have staked token.

In the platform onboarded bunker traders can request funding on a per invoice basis. Traders pay no fee to join the platform and there are no account maintenance fees or any type of fee if you don’t utilize the platform. However, the platform has no obligation to fund all funding requests. Subject to specific credit risk criteria being met, the platform can make a time-limited financing offer that the trader can accept or reject. If the trader decides to accept the offer, they must pay a commitment fee. The commitment fee is calculated in US dollar terms and paid in NEXM tokens based on the spot price in coinmarketcap or coingecko. All “gas” fees in the Nexum ecosystem are first calculated on a USD basis and converted to NEXM based on the at the time market price. This has the advantage of disassociating the gas fee from the token price and avoids problems that blockchains like Ethereum have faced.

Traders purchase tokens through exchanges in the same way as all tokenholders. Nexum Foundation will provide liquidity to the exchanges as demand dictates, but as we have done to date, supply will be carefully managed and there is no expectation that all 5bn tokens would ever be released.

3.Status of development

As you will have seen from the announcements made in 2024, our platform and staking protocol is complete, tested and in some jurisdictions, already launched. We have already onboarded a number of brokers to the platform with annual revenue of in excess of $3bn and have significant interest from across the industry. As an illustration, to fund $1bn of bunkering annually, would require approximately $100m of staked funds.

We are also in discussion and in many cases, advanced negotiation, with blockchain partners and ecosystem participants for commercial deals, that will acclerate the adoption of the platform both for bunkers and for other lending use cases that will also utilise the NEXM token. More details to be announced soon as deals are completed.
As we work to open stablecoin staking across the primary markets, and to be able to take advantage of market conditions, we are evaluating many options to bring substantial staked stablecoin funds from institutional sources into the platform in the near term. We expect the platform to be capitalised and fully operational in Q2-Q3 of this year.

Dear Nexum Token Holders,

As promised, we continue to answer the questions submitted by the communities and this week we will focus on the lending platform and our unique ‘staking’ protocol. Having reviewing the questions in detail we have provided structured detail in this communication which we believe addresses all points raised.

NEXM is now listed on MEXC!

The NEXM/USDT pair is currently active on the MEXC exchange.

You can trade NEXM/USDT on the MEXC exchange at the link below:

https://www.mexc.com/exchange/NEXM_USDT

Join the MEXC Kickstarter, vote for Nexum (NEXM) to win free 200,088 NEXM & 30,000 USDT airdrops!

Learn more about the event here:
https://www.mexc.com/support/articles/17827791514102

New listings in March, stay tuned!

Suffice to say 2024 will be a very exicting year for Nexum as we move from development to lauch and operationalisation.

Whilst you will appreciate that the precise details of our strategy, product development and commercial discussions / negotiations with partners, suppliers & customers, must remain confidential, here’s a little preview of what you can expect by way of announcements this year:

- New token listings on both the largest exchanges and on startegically important country /community specific exchanges.

- Launch of wrapped NEXM to introduce additional functionality and ease of transacting.

- Stablecoin staking ramp-up including institutional placement and partnership with a stablecoin partner and the consequent ramp up of bunker fuel financing.

- Partnership with one or more blockchains for collaboration with ecosystem participants.

- New product launches including an innovative digital wallet based KYC product, a debit card product to interact directly with users crypto wallets and a digital wallet based certification product, leverage our smart contract capabilities and allow significant expansion of the NEXM ecosystem.

- New and diverse lines of business that will utilise the NEXM token utility.

- Partnership with a marketing agency and a trading partner who will ensure we have consistent, deep liquidity to our token as we expand to new and larger exchanges.

Thank you to all of our tokenholders who have committed to NEXM at these very early stages in our development.  

Exciting times ahead for all of us.

Dear Nexum Token Holders,

Thank you for the questions and engagement through the community groups.  

The questions fall into broadly 5 categories, as follows:

- The business strategy of Nexum
- Lending platform:funding, staking, brokers, demand, shipping industry context
- Ecosystem development: partnerships
- Token:listing, dex, value proposition/utility, volume, liquidity
- Team, regulation & competition
To make it easier for everyone to understand and to provide sufficient explanation, we will release the responses on a weekly basis one topic at a time.  
This week will provide an overview of our business strategy.

Nexum is a blockchain enabled financial services business, a multi-chain "Layer 3" application layer.

Our focus is to drive innovation in the bank disintermediation process and the financial transmission mechanism. We believe in transparency and efficiency in the capital allocation process as well as accessibility to capital and financial products without unnecessary rents for both businesses and consumers.

Our vision is for a safe, decentralized, transparent, accountable, regulatory-compliant financial ecosystem.
We are introducing products and tools that increase transparency and improve efficiency in B2B and B2C financial interactions. Because of the decentralized, multi jurisdictional nature of shipping operations and our deep understanding of the industry we have decided to utilize it as the first use case for our products.

Nexum Foundation is a not-for-profit organization with a mission to promote blockchain technology, by supporting the development of applications across different industries that have tangible economic benefits and drive positive change for the respective communities.

The Nexum ecosystem has been in development for 6 years and we have now assembled a team of experienced business professionals across many disciplines to launch the platform and our pipeline businesses to drive commercial success.

Today Nexum has successfully completed testing of our unique on-chain loan origination platform, marking a significant milestone in our journey to build a decentralized financial system. Concurrently, we have initiated the trader onboarding process, a pivotal step towards enhancing our services and expanding our reach in the financial market.

During the initial onboarding round, we are proud to welcome traders who collectively represent an annualized financing volume exceeding $3 billion. This demonstrates our commitment to facilitating substantial opportunities for traders while fostering growth and innovation within our platform.